Most Firms Are Not Monopolies in the Real World Because

question 137

Multiple Choice

Most firms are not monopolies in the real world because

• A)firms usually face downward-sloping demand curves
• B)supply curves slope upward
• C)price is usually set equal to marginal cost by firms
• D)monopolies are not efficient
• E)there are substitutes for most goods

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Definitions:

Mahayana Buddhism

A major branch of Buddhism that focuses on the path of a Bodhisattva and compassion towards all sentient beings.

Bodhisattva

(Sanskrit.) In Mahayana Buddhism, an enlightened person devoted to the enlightenment of others.

Nirvana

In Buddhism, a transcendent state free from suffering and the cycle of rebirth and death, representing the ultimate spiritual goal.

Karma Yoga

A spiritual path in Hinduism emphasizing selfless action performed for the benefit of others as a way to spiritual liberation.